Equity Residential (EQR) has offered over $2.5B to buy a 53% stake in Archstone from BofA (BAC)...

Equity Residential (EQR) has offered over $2.5B to buy a 53% stake in Archstone from BofA (BAC) and Barclays (BCS), the WSJ reports. The proposal puts Equity ahead of AvalonBay (AVB), Blackstone (BX) and Brookfield (BAM), and highlights the increased interest in rental appartments as home ownership falls.